|
Consolidated Statements of Cash Flows (USD $)
|
9 Months Ended |
3 Months Ended |
12 Months Ended |
|
Dec. 31, 2013
Successor [Member]
|
Apr. 19, 2013
Predecessor [Member]
|
Jan. 31, 2013
Predecessor [Member]
|
| Cash flows from operating activities |
|
|
|
| Net income (loss) |
$ (13,000,303) |
$ (2,553,556) |
$ 3,491,050 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
|
| Change in warrant liability |
(1,960,211) |
|
|
| Stock-based compensation |
1,876,122 |
|
|
| Loan origination fees |
829,324 |
|
|
| Non-cash consulting expense |
175,250 |
|
|
| Non-cash interest expense |
135,000 |
|
|
| Depreciation and amortization |
4,956,622 |
140,293 |
1,111,948 |
| Deferred tax (benefit) |
(3,059,732) |
(12,294) |
64,908 |
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
(11,226,354) |
2,846,332 |
(442,329) |
| Inventory |
(1,155,725) |
(488,722) |
607,540 |
| Other current assets |
(650,241) |
(154,529) |
109,977 |
| Other assets, net |
94,802 |
12,572 |
96,444 |
| Accounts payable |
4,618,337 |
(2,978,808) |
1,684,425 |
| Accrued liabilities |
184,623 |
(767,991) |
(447,933) |
| Deferred revenue |
5,165,359 |
(372,579) |
686,801 |
| Net cash provided by (used in) operating activities |
(13,017,127) |
(4,329,282) |
6,962,831 |
| Cash flows from investing activities |
|
|
|
| Purchases of property and equipment |
(2,643,574) |
(86,470) |
(575,106) |
| Net cash provided by (used in) investing activities |
(2,852,653) |
(86,470) |
(575,106) |
| Cash flows from financing activities |
|
|
|
| Proceeds from debt |
3,647,863 |
|
|
| Repayments of debt |
(29,782,863) |
|
|
| Proceeds from sale of stock |
39,390,600 |
|
|
| Expenses related to sale of stock |
(274,815) |
|
|
| Net cash provided by (used in) financing activities |
12,980,785 |
|
|
| Effect of exchange rate changes on cash |
299,618 |
(121,144) |
(21,247) |
| Net increase (decrease) in cash and cash equivalents |
(2,589,377) |
(4,536,896) |
6,366,478 |
| Cash and cash equivalents, beginning of period |
10,824,943 |
10,203,169 |
3,836,691 |
| Cash and cash equivalents, end of period |
8,235,566 |
5,666,273 |
10,203,169 |
| Supplemental disclosures of cash flow information: |
|
|
|
| Cash paid during the period for interest |
2,081,529 |
2,053 |
19,791 |
| Cash paid during the period for income taxes |
|
$ 150,000 |
$ 2,061,735 |